Will-my-debts-be-discharged

WILL ALL OF MY DEBTS BE DISCHARGED IF I FILE A CHAPTER 7 BANKRUPTCY?

In some cases, all of the consumer’s debts will be discharged. In other Chapter 7 Bankruptcy cases most debts can be eliminated. The reason for this is that the Bankruptcy Code contains a list of debts that cannot be discharged. The types of debts that can be discharged include, credit cards, medical bills, personal loans, repossession debt and most judgments. Some of the common categories of debts that cannot be discharged include, student loans, child support, domestic support orders, certain credit card debts for luxury goods and cash advances, certain taxes and certain debts arising from personal injury to others and restitution in criminal cases.

Cash advances on credit cards or a line of credit totaling $750.00 or more within 70 days of filing for bankruptcy are presumed to be nondischargeable. Purchases for luxury goods totaling $500.00 within 90 days of filing for bankruptcy are also presumed to be nondischargeable. Keep in mind that 10 cash advances of $ 75.00 over a 10 week period meets the $750.00 requirement and will be presumed to be non-dischargeable. This does not mean that you can wait 70 days and have no problem. After 70 days a creditor can still claim that you got the money with no intention of repaying them. If this occurs, you will have to defend the charge.

We are a debt relief agency.

We help people file for bankruptcy relief under the Bankruptcy Code.

Kentucky does not certify specialties of legal practice.

If you have additional questions, not answered on this page, you may want to go to our Bankruptcy FAQ page.

You may be unfamiliar with many of the terms used in connection with bankruptcy cases, to see definitions of bankruptcy terms, go to our Glossary page.

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Patricia Abell’s Law office is located in Louisville, Jefferson County, Kentucky. My office serves bankruptcy clients living in the Kentucky counties of Breckinridge, Bullitt, Hardin, Jefferson, Larue, Marion, Meade, Nelson, Oldham, Spencer and Washington, This includes the cities of Cloverport, Hardinsburg, Irvington, Fox Chase, Hebron Estates, Hillview, Lebanon Junction, Mount Washington, Pioneer Village, Shepherdsville, Elizabethtown, Radcliff, Sonora, Upton, Vine Grove, West Point, Anchorage, Audubon Park, Buechel, Goose Creek, Hurstbourne, Jeffersontown, Okolona, Prospect, Hodgenville, Bradfordsville, Lebanon, Loretto, Raywick , Brandenburg, Ekron, Muldraugh, Bardstown, Bloomfield, Fairfield , New Haven, Crestwood, Goshen, Lagrange, Pewee Valley, Taylorsville, Elk Creek, Mount Eden, Springfield.